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taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the limit for three months with the requirement that both chambers of congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do somethin
that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm
to davos today. >> reporter: yeah. so the republicans are going to vote on suspending the debt ceiling which is lot of people think it's a good idea to do forever. they won't have much opposition with that. and cantor with a conessional delegation, they'll come over to davos, he'll be in a panel on friday, and we'll talk to him when he gets here about the budget, about the debt ceiling debacle in the united states and about whether or not america with sort of capture this economic dinahism that you say talk about so much in the face of all of these problems going on in washington, the congress and inability to get anything done. can we actually overcome that and have a great year. >> all right. ali velshi? davos. thank you. so nice to see you. so interesting, too, they talk about how the future will not be a u.s. and europe led world. it's china, india, some of these emerging markets. they talks about the next 100 year, not necessary lit next quarter. >>> high drama below ground. coming up, the race to save a woman who falls on to the subway tracks. [ construction sounds ] ♪ [ watch
to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accid
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
to hit the grund running again in his second term. the debt ceiling fight has been delayed and they are looming on the issue of the budget more specifically the sequester that comes up at the beginning of march. those are spending cuts in military and domestic agencies and the continuing resolution. basically it calls for how they will pay for the government going forward. after march 27th the budget issues are high on the priority list. there are challenges as he faces the republican house. he heard from paul ryan and dick durbin and their opinions on what the president needs to do going forward. >> the green line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to h
.c. the last couple of weeks. we add the fiscal cliff, the debt ceiling, the joe biden gun- control panel. we have allowed these to take center stage. we are falling into a sideshow trap. all these debates are about government. government is government power or the leading lady or leading man in our country today agreed to -- today's conservatism is wrapped up in solving the city's mass that is the federal budget, the burgeoning deficits, the mammoth federal debt, the shortfall in our entitlement programs. we seem to have an obsession. this is the long game for us to apply. today it is the fiscal cliff and to market will be the fiscal -- and tomorrow it will be the fiscal armageddon. our government has already gone off the fiscal cliff. it happened years ago and it happens every year for many years. today's conservatism is in love with zero. we think if we can unite behind a proposal to cut the debt and put together a spreadsheet and power point and a tv ad, call will be well. this obsession with zeroes is focused on government. by doing this, we sent a not so subtle signal that the focus of
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but notice thi
, that starts march 1st. debt ceiling suspension expiring on may 19th. you think the president's policy goals will get bogged down because of these upcoming deadlines? >> that's an interesting question. we are trying to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration indeed happen if it does happen, does it happen assith currently written, do we make changes or the white house come up with a way to stave it off and get republicans and democrats to agree? a big push under way to get started on gun control, immigration, hearings next week to start the gun control debate. efforts under way by the end of next week, we might have a bipartisan framework for immigration reform proposals that would bring democrats and republicans together in the senate and get the balling rolling on something besides fiscal policy. a lot of people on washington would love t
to deal with. debt ceiling debate now postponed until may. the sequestering, the continuing resolution. and republicans are pushing for changes in entitlements. is this in large part about where the white house decides where to put its political capital? >> kwlourks know what, we have also forgotten in this discussion, we remain in the midst of a terrible, terrible recession. counting people who have given up looking for work and underemployed. we are looking at -- almost 15% of our population who is unemployed, who don't have jobs. real wages for millions of workers are going down. the gap between the very, very wealthy and everybody else is growing wider. so what concerns me is, yeah, you have to deal with gun control. deal with a lot of other issues, but we cannot -- we cannot forget the reality that tens and tens of millions of working people are really hurting. >> how would you prioritize then again if you have to figure out where you're going to put your political capital? how would you prioritize. there was a big headline today the stock market is at a five-year high, unemployme
to be made in the course of 2013 concerning fiscal deficits, concerning the debt ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde says governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator dianne feinstein of california introduced legislation today to reinstate the federal ban on assault weapons, but she acknowledged that supporters face an uphill battle. nancy cordes is at the top of that hill tonight in washington. nancy. >> reporter: scott, the bill that she and other democrats introduced today is even tougher than the assault weapons ban that congress let lapse back in 2004. this bill would ban the sale of 157 different military-style firearms. flanked by police officers doctors, and mayors, senator dianne feinstein of califor
allen was cleared of wrongdoing. the battle over the debt ceiling has been put off to another day because on this day the republican-controlled house voted 285-114 to allow the government to keep borrowing the money it needs to pay its bills through mid-may. the senate and the white house are expected to go along avoiding the threat of default that would rattle financial markets. in a survey of investors by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a
to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it wasn't very likely the european union would fall apart, even though it wasn't very likely the u.s. would fall on its debt, i think that lifted markts a lot. >> meanwhile, new appointments in the obama administration. timmy geithner, the last day was on friday. i want to ask you about his successor. he's certainly served during a tumultuous time. >> if i'm going to give him one grade, i'm going to
backed off that so you didn't get that outcome. at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe s
to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not
not serious in washington, d.c. when then senator obama voted against racing the debt ceiling he said he was doing so because the national debt was at an outrageous $8 trillion. i want to quote the president saying $8 trillion, that's trillion with a t. it is now over $16 trillion and climbing. he's not worried about it at all. indeed he calls it progress. you remember his campaign slogen. he says it is forward. i've got news for the president. if washington's debt is going forward, america's economy is going backward. instead of magging government we need to lead america to a place where she can become the land of opportunity. where she can become the place of growth and opportunity. we should put all of our eggs in that basket as conservatives and republicans. we need folks to stop this president from taking america so far off the ledge that we cannot get back. we must stop the bankrupting of our federal government. but we as conservatives must dedicate our energies to growing the economy to showing younger generations on winning the future. we need to grow the middle class. that doesn
approved the debt ceiling deadline without a fight but did so without making usual demands for spending cuts. before you get too comfortable with that, think again. that debt limit increase is only a temporary three-month stopgap measure to give them more time for a budget resolution in the senate and a bigger budget battle ahead which brings me to the ducks. one lame duck to be precise. ever seen a lame duck? they can't fly far. they are lucky if they get off the ground. last week, president obama laid out his fight plan for the heights of to which he hopes to soar in his second term. his agenda may never find its wings if it is stymied in the tangle of capitol hill gridlock. a seemingly endless series of cliffs, ceilings sequesters and showdowns. the upcoming budget fight is only the first of many. remember the fiscal cliff? well, it never really went away. it was postponed for a couple months. we have the threat of automatic spending cuts looming over our heads march 1s. government shutdown on the 27th. we'll need a new spending bill to keep it going. mark your calendars march 19th w
, martha, where they're cot delling together what could be a three-month extension of the debt ceiling to try to hammer out more spending cuts and coupled with chuck schumer, the man in charge of today's big inaugural event, more tax hikes. a lot of bruising to come as far as they settle this but they are a long way from settling it. martha: neil, that raises a bigger question. you look at the second term of fdr who dealt with obviously severe economic distress in this country. what happened was they relapsed. there is lot of concern if we do continue to raise taxes and small business owners who the president said are one of his priorities in the second term, but if their sense is their taxes are going higher, they will continue to pull in and get smaller and leaner and not hire i would imagine. so the big question is, where is the whole economy going to head if taxes are increased in other ways in this country? >> well you know the president spoke to quickly come back at the notion, if wall street is worried about this and companies are worried about this, investors are worried about
borrowing limit as soon as mid-february. so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being b
ceiling increase unless the senate passes a budget. we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there
a deal on this. there will be a lot of pressure to do that. republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is concern for the white house. >> ryan took one of his famous charts on "meet the press." you can tell immediately what he thinks the problem is, more spending cuts are needed. paul ryan says increasing revenue is off the table for now. the gop, the tax hikes during the fiscal cliff stuff. do they do it again? >> he was also asked and side stepped whether or not you could close loopholes. it is another way to get revenue. that is what david gregory asked him. he had a nonresponse response to that. there are other ways to get revenue than acros
. lots of people i talk to to not talk in terms of the fiscal cliff or the debt ceiling. they do not talk about monthly job reports. they talk about things like how is my kid's school performing? will make it have a job when they get out of college? can i pay my bills? can i pay the mortgage? you hear all too often that political leaders talk about things in terms that are not really relevant. the outcome might be relevant, but not relevant to the people in our states. we need to be more relevant. when i first ran for governor, i used to tell a story about something i started doing about 25 years ago. when i started working, i would pack a lunch every day. it is a lunch i still most days. chisam which nests cheese sandwich on wheat bread with a little bit of mayo -- cheese sam went on wheat bread with a little bit of mayo. i bring the same lunch. i get the same thing every day and i'm perfectly happy with that. i pack it in a little brown bag lunch. i it in the car or at the capitol or anywhere else. when i ran for governor, i said we need a little bit of brown bag common sense in our gov
any we face. we will find it to the cult dissolve any other problems we are facing. debt ceilings, issues of healthcare. proverbs notes this, without a vision, the people perish. they do not literally perish. they just bicker and fight and become so polarized they cannot get anything done. we are in need of a new common, national vision. not once only democratic or solely republican. we need at least one goal where we can come together. that is where we need to go. god has given you a unique gift, mr. president. you have the ability to cast vision and inspire people. you should have been a preacher. [laughter] [applause] god actually has you exactly where god wants you. yesterday you begin to lay out a vision for us in your inaugural address was very powerful and compelling. somewhere we have got to find and forge one or two that dreams or visions that people on the right and they left, republicans and democrats, can come together and back hands on this. you hinted towards that yesterday. we have to remember our picture of the promised land. when we do that, anything is possible i
than that. is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he i
. there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened during that four-day hostage crisis in algeria. the very latest on that situation is. coming up next. plus, new signs that russia may be preparing for the collapse of syria's government. >>> but first, today's trivia question. how many presidents have chosen not to swear the oath of office? tweet us, @dalyrundown. the first correct answer will get a follow tuesday from us. that answer and much, much more is coming up on t"the daily rundow rundown". >>> time for the "your business" entrepreneur of the week. kathleen king had a successful business in the hamptons, but a partnership that went sour resulted in her losing it. l
one thing at one time. it's not as if you can do gun control and immigration and the debt ceiling. guess what, we're paying these people, they have tons of staff, they can do more than one thing. the question is not do you have political capital, the issue is, do you have political courage? that's what you need to see more from politicians, courage, and not so concerned about whether or not they'll get re-elected. >> senator feinstein obviously saying it's an juuphill battle, but she pointed to what the voters want. 54%, 44% do not support. obviously, by party, if you broke that down, it could be different. but, again, this question to you. if there is the will to do not a lot on guns, but something, is this the something? >> i think absolutely not. and i think it's really important that you noted that statistic early on. but another thing to note is a lot of the folks who answer that question don't necessarily know what an assault rifle is. these assault weapons are designed essentially by cosmetic features that the gun has, like the kind of grip that the gun has. these are not m
washington d.c. first the fiscal cliff, debt ceiling, joe biden's uncontrolled task force. these are sideshows we've allowed to take center stage in our country. as conservatives can with all the sideshow track. all of these debates are about government. governments and government power are the leading lady and they demanded government today. today's conservatives and disrupted the solving the hideous mess that is the federal budget, the mammoth federal debt, shortfall in entitlement programs. we seem to have an obsession with government bookkeeping. this is the wrong game for us to play. today's the fiscal cliff, tomorrow the fiscal armageddon. but i've got news for you. our government to stop the fiscal cliff. it happened years ago and every year for many years. today's conservatism is in love. if we can unite behind a proposal to cut the deficit and debt and put together a spreadsheet and powerpoint and tv out, all will be well. the succession procedures is focused on government. by accessing the service on the budget spreadsheet within a not-so-subtle signal to focus o
. that has to change. [applause] now, the house won't consider another debt ceiling increase unless the senate passes a budget. and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he tho
the republicans over a barrel with the debt ceiling coming up with no time to announce any long-term balance budget framework or any kind of structural reforms to heanlt retirement programs. we had the short-term extension to give each chamber to go through order and pass a budget in our house. obviously, paul ryan and his team will work through, i think even a bolder budget to send to the senate. the senate and the president might not accept the bill we passed. but in fact, they are going to pass the bill and the president is going to sign it. as speaker boehner said, this is something the house should continue to do. we are in the opposition but we're in the majority but as the opposition we should take the opportunity to paint bold principles and stand by those and then we can campaign on those in the next two years. >> so, tom, you are a conservative. did you become conservative at some point, are you a natural born conservative? >> right from the beginning. i grew up in a very small town. my parents were not political at all. my father would not put up a yard sign until my campaign, tha
, in trying to devise a tactical maneuver to get the debt ceiling moved back and to able to deal with sequester. he will have a tough decision in a few months. there's pressure on him in arkansas to run for senate in 2014 against price yoryor, a vulnerable democrats. to run for the senate right after you got into the house, it's a little fast. he may be able to accomplish more. he is a rising star in the party. there have been others as well. there are people thinking of running and some ran and lost the first time. that part about the republican future i'm very encouraged by, the younger candidates. we can find a lot more if we put in a little more effort. i think it's time for generational change in the republican party. it is a party that's conservative. at least at the presidential level we keep nominating the next in line guy, a 65-year-old guy who ran last time but did not quite make it and gets nominated. they are impressive individuals, but it's a kind of pattern of dole and mccain and it's tough to compete with barack obama. that has been true somewhat at the state level
emanuel is live on capitol hill with more. when we take up the debt ceiling deal? reporter: the senate is likely to take up the bill some time next week. they are required to pass a budget by april 15. bottom line, fiscal conservative senators are loving it. >> they have really written some good budgets, tough budget that they have defended, but the democratic senate has just a few. they say send more money. they need the american people to send more money. we don't need a budget to tell you where the money is going to be. so i think that they understand. >> some are complaining that the senate democrats refused to do about it for three years in a row. finally, now that the house has passed the measure and we start to hear the senate democrats saying that they are going to do a budget. jon: is part of that deal, they are required to pass it by april 15, or else no budget and no pay. they will ultimately get paid down the road, but for those who are not part of the millionaires club, no paycheck, even in the short term. arthel: what are the democrats in the senate saying? are you feelin
and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of a seminar in davos today. house majority leader eric cantor, who is here will have to answer. that's the question on a lot of people's minds, why can't the u.s. get its act together? >> you know i think the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way to go. >> reporter: but the head of the international monetary fund christine lagarde said here "the u.s. has to confront this." if those decisions are postponed again -- >> well it will be pushing the can down the road again which was the reproach that we made against the europeans and i don't think that the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world, if washington could just get out of the way. charlie, norah? >> anthony mason thank you. >>> in the internationa
are a republican. you are republican now. you are with republicans in the house. >> the debt ceiling, they could have the focus on entitlement reform. hopefully that is what we will do over the next 90 days. hard-working officials in the house and reform. stuart: come back and contradict the president any time you like. next a man who does business with microsoft sells software but is still critical of the company's the executive as am i. why can't microsoft be the one to challenge apple? what will it take? the man from microsoft is next. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ stuart: it looks like apple's pain is a gain for its competitors. tell me how. nicole: let's take a look at the competitors. research in motion, new multi-year high, apple is down 10%. seeing research in motion, google, yahoo! microsoft, amazon with the arrows, some of which are hitting multi-year highs. google isn't 1.8%, same with yahoo! and microsoft. our viewers -- stuart: thank you very much for that little plug. avalanche netflix making ne
at the front lines. bill: congress has a compromise, a deal with the debt ceiling, it comes with a big catch, though. does that mean there is hope for a long-term solution, america? or is this going to backfire in a big way? martha: scientists say that these new pictures of the sun shed light on a long-standing mystery. what that is? bill: 32 minutes later here is your moment, america. we do believe senator kerry will begin his opening remarks to his colleagues on the senate committee here. here we go. >> members of the committee, thank you very, very much. i'm in awe of the wonderful comments that were just made, and i appreciate them, and i'll say a little bit more about them. before i begin i would like to have the privilege of just introducing very quickly, i think most of you know my wonderful wife, theresa who has been part of in great journey for a longtime. my brother cam who is serving over in the commerce department as counsel there and i trust they know he's here and have tkeufpb him tim given him time off. my daughter, vanessa and her husband brian, both of whom are working as ph
turning point for this president was that debt debate over the debt ceiling in july and august of 2011 and there an opportunity there and it came close, and i will not ascribe blame because there is probably enough going around when it looked like the president and john boehner were able to make a grand bargain, 3, $4 trillion in deficit reduction, it fell apart and rightly or wrongly it seems clear that the president and the white house decided at that point, we can't do business with these guys. boehner can't control the tea party element in his own house. and we're going to have to start running for president and running for president, pushing a liberal agenda. really from mid-summer, boehner says from labor day of 2011, he was very much running for president, pushing the liberal agenda. he was the protector of the middle class. and it is continued up through his re-election and now we see it in his inaugural address, very little talk about common ground. you know he basically dismissed his republican opposition as absolutism, as name-calling. i think you will see a very aggressive,
of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from playing. republican representative paul stan is helping to draft this legislation. he says welfare money should be used to help people survive, not for gambling. critics say everyone should be able to play. ♪ what's love got to do with it ♪ >> great song. >>> singing legend tina turner is saying good-bye to her u.s. citizenship and will soon be a citizen of switzerland. she is 73 years old. she moved to switzerland in 1995 with her long time partner and says she cannot imagine a better place to live. she needs at proval of the swiss federal authorities to make this official. >>> the vice president takes his gun violence task force to a virgi
, chris. we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax inc
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